2014 Roth IRA Contributions?

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Answer #1 | 22/12 2013 19:40

You can contribute the $6500 any time during the year you turn 50, even on Jan 1.

Positive: 100 %

Answer #2 | 22/12 2013 19:02

You can contribute the higher amount because you turn 51 in 2014. Even if your birthday was December 31st, 2014... it still means you turned 51 in 2014 and are allowed to contribute the additional $1000.